LRAP News & Announcements
News and announcements which may be of interest to current participants, recent graduates, current students, or prospective students can now be found on our blog.
"LRAP 101" October 20, 2010 lunchtime presentation at Berkeley Law by Sigrid Allen, the Loan Repayment Assistance Porgram Coordinator:
LRAP Benefits for Civil Legal Assistance Attorneys: First-Come, First-Served
Equal Justice Works reports that a new Federal loan repayment assistance program for civil legal aid attorneys is going to become available soon. The new program is called the Civil Legal Assistance Attorney Student Loan Repayment Program (CLAAP) and will assist already licensed graduates in the field of civil legal assistance with the repayment of eligible federal student loans. The attorneys will need to work full-time and remain employed for three years.
An attorney may be awarded up to $6,000 in repayment assistance in 2010 (actually received in 2011), and may be prioritized to receive assistance in future years if Congress continues to fund the program. An attorney may receive a lifetime maximum of $40,000 in assistance.
This program has been funded with five million dollars for the fiscal year 2010. The Department of Education will commit these funds to eligible civil legal assistance attorneys on a first-come, first-served basis.
Applications are expected to be due August 16, 2010. The date that applications will be available is unknown, but should be soon. Eligible attorneys should complete the application as soon as it is available because funds are unlikely to cover all applicants.
If you are enrolled in IBR and plan to apply for the Public Service Loan Forgiveness after 10 years of public service, please be aware of the ineligibility double-benefit clause pertaining to the loan repayment assistance program for civil legal aid attorneys and PSLF under CCRAA. Details are listed at Equal Justice Works.
The impact of CLAAP on LRAP support depends on your loan portfolio and repayment plan.
Webcast: Post-Graduate Career Development and Financial Planning for 3Ls incl. health insurance options after graduation (04/20/2010, approx. 1 hr.)
NOTE: The Webcast and slides are intended to assist you with managing the repayment of your student loans and obtaining health insurance as you make the transition from completing law school to obtaining or starting employment. It is general information designed to enable you to be aware of pertinent issues. We advise you not to make important decisions based only on this information. Before you take any action (or decide not to take any action), we urge you to make an appointment with a representative from the Financial Aid Office and/or a representative from the Student Health Insurance Office to obtain an individual assessment of your student loan portfolio/repayment/health insurance options.
A FAO presentation on 2/25/2010 at Berkeley Law on Managing the Repayment of Your Student Loans can be viewed as a webcast here (MP4 Quicktime video). You may also choose to open the accompanying Powerpoint presentation. The presentation covers points that include:
NOTE: The webcast and the slides are intended only to provide you with general information. Please make an appointment with a representative from the Financial Aid Office for an individualized assessment of your student loan portfolio and repayment options through email at LRAP@law.berkeley.edu or firstname.lastname@example.org.